Give yourself 5-10 years and you’ll be set.

When we built up the triplex, we set it up so that each of the 11 rooms can be rented out individually (all BR, except 2, have their own bathroom behind an electronically locked door).

Specifically, I’d love to hear about best practices for managing shared spaces, screening tenants, and setting up house rules.Additionally, I plan to split the utilities among the tenants—any advice on how to handle this efficiently would be greatly appreciated!

so if you're impatient and just buy something random it's not going to work and you'll just set yourself back.

I have a LLC set up, and property management software ready to use.

One thing I've learned from my experience is that I do not set hard rules.

My goal is to be filthy rich and set my family up for generations. maybe I should pay the mortgages faster?

Also on my rents I have all my amounts set different so that I know which unit it is. 1 may be 600.00 and the other 1 will be 601.00.

Anyway, the current auditor set the current rates, and is still at the job..https://www.hamiltoncountyauditor.org/

They don't understand how to price effectively, study the market, set boundaries with tenants, establish policies and procedures, communicate, and dozens of other things.